someguy

Per NCAA regulations, schools can pay for loss of value insurance out of the Student Assistance Fund. I have no idea if Texas did this for Jefferson, or if he secured the insurance on his own. How can coverage be paid for? Subject to conference policies and procedures, schools may permit student-athletes to use the NCAA Student Assistance Fund to purchase either PTD or LoV policies. Student-athletes may also take out loans against their future earnings to pay these premiums. Please note, premiums paid using Student Assistance funds may be considered a taxable benefit to student-athletes and may affect their eligibility for financial aid. http://www.ncaa.org/about/resources/insurance/loss-value-faqs Division I Student Assistance Fund A combination of the Student-Athlete Opportunity and Special Assistance Funds. The purpose is to assist student-athletes with special financial needs. Most of this money is used for educational purposes, with some also going for needs such as clothing. http://www.ncaa.org/about/resources/finances/student-athlete-benefits